Fanbase is climbing its way through the app store as TikTok users in the US are finding alternative apps to move to. The Supreme Court is set to rule a law on 19 January for TikTok that will determine if they will sell its US operations or outline a ban for TikTok users. Users of the app are looking for new social media apps to use, and Fanbase appears to be one of them. Isaac Hayes III said that the app reached number 6 on the Apple App Store for
Pryce Yebesi, 24, has sold Utopia Labs, his crypto invoicing business, to Coinbase and announced the launch of his new startup, Open Ledger. Open Ledger implants automated accounting software into products that small businesses currently use and has already raised $3 million in a round led by Kindred Ventures and Blank Ventures, as first reported by TechCrunch. Why did Yebesi launch Open Ledger? Pryce Yebesi started thinking about Open Ledger while running Utopia Labs as the product and operations lead. After noticing that the businesses he operated with still used
The Duke and Duchess of Sussex have raised their concerns over Meta ending its fact-checking system, arguing that the changes directly undermine free speech. What are Meghan and Harry’s Concerns? “Contrary to the company’s talking points, allowing more abuse and normalizing hate speech serves to silence speech and expression, not foster it,” they said. In a statement on their website, the pair accused the company of lacking integrity and believed the move was “responding to political winds; they once again abandon public safety in favor of profit, chaos, and control.”
Singer Jason Derulo is set to join will.i.am’s FYI.AI creative collaboration platform company, Celebrity Access reports. will.i.am is the founder and CEO of the company and appointed Derulo as the Ambassador and Intelligent Media Leader at FYI.AI. “Jason’s passion about AI, his enthusiasm and optimism about the intersection of technology and creativity, entrepreneurial skills, and community reach make him a fantastic addition to the FYI team to help shape our creative strategy going forward,” will.i.am said. What will Jason Derulo do at FYI.AI? Derulo will work with will.i.am and other
Oxford Cancer Analytics (OXcan), a medtech company that focuses on creating blood tests for early cancer detection, has secured $11 million in Series A funding. This latest funding round, led by We Venture Capital and Cross-Border Impact Ventures, brings OxCan’s funding total to $16.7 million. “The power of the OXcan proteomics biomarker discovery platform and the data generated by Oxcan stand out against the backdrop of other liquid biopsy companies, indicating a truly superior performance in the identification of early stage lung cancer,” Louise Warme, MD, Head of WeVenture Capital
Apple has opposed a shareholder proposal to remove its DEI programs, as first reported by TechCrunch. Meanwhile, Meta and Amazon have joined the list of companies that have scaled back their DEI programs in response to anti-DEI pressure. Apple opposes anti-DEI Proposal Apple’s board of directors has opposed a proposal by the National Center for Public Policy Research (a conservative think tank) to “consider abolishing its Inclusion & Diversity program, policies, department, and goals.” In a proxy filing, Apple stated that the proposal was “unnecessary” as the company “already has
Airbnb has worked on an internal system for the past eight years to address racial discrimination on its platform. This came after Black users shared their experiences of facing discrimination at Airbnb under the hashtag #AirbnbWhileBlack in 2016. What are Black people’s experiences with Airbnb? Additionally, a 2016 study by two Harvard Business School professors and one then-doctoral candidate highlighted that Black Airbnb guests were 16% more likely to have their reservation request declined when compared to white users. A 32-page report released by the company in 2016 acknowledged the
Egypt is introducing a new plan to tackle phone smuggling whilst promoting its local phone industry. A 38.5% customs tax will be given to individuals who import mobile phones into the country. “The number of devices entering the country through smuggling is too large,” Prime Minister Mostafa Madbouly said in a press conference. “Countries resort to such measures to regulate the market and encourage the growth of local industry,” he added. The Finance Ministry and the Ministry of Communications and Information Technology are working together to create an electronic system that
The Communications Authority of Kenya is ushering in new licensing rules and fees to crack down on fake electronics in the country. Distributors and telcos must now pay a one-off fee of KSh 250,000 ($1,933.49) for a 15-year licence. They will also be obliged to pay 0.4% of their yearly income as an annual fee, but not under KSh 120,000 ($928.07). There are also proposals to better regulate satellite internet service providers (ISPs) like Elon Musk’s Starlink. Why is Kenya introducing a telecom fee? The new licence, which is called
Costo is standing firm on its diversity, equity, and inclusion (DEI) commitments despite activist investors pushing for the company to make changes in line with those seen at Walmart, John Deere, and McDonald’s. Activist investors target DEI efforts Forbes reported that a proposal from a shareholder, put forward by a conservative think tank, challenged Costco to evaluate and openly share the harm linked with its DEI policies and goals. The proposal states that the firm DEI’s plans present financial, reputational, and litigation threats that could negatively affect shareholders. In the
